I want a bail out. 3 1/2 years ago I signed for my loan without reading any of the documents until the last minute, because I believed what my loan officer verbally said to me. But by the time I realized the paperwork didn't say what I thought it was going to say, I was at the closing table, I guess I had to sign the documents at that point, I mean, I was already in love with the house. It was the house of my family's dreams. So I signed the interest only 3 year arm loan. I'm sometimes a gambler anyway. Property values will keep going up right? They never go down. I struggled to pay for 1 year, tapping out my 410k and any other resources. I couldn't pay anymore, so I started into foreclosure. I then filed bankruptcy and was able to keep up with that for awhile, then defaulted on that. The good thing is I got away without having to make any payments for 8 months. I was still working the whole time. I just had unexpected expenses and took a vacation. I needed some time away from all this stuff. I finally got ahold of first franklin and they did a loan premodification plan where they make you pay 3 payments in a row, then they'll give you the loan mod. Nevermind, the fact that I've never paid my property taxes since the day after I bought my house. CAn you beleive first franklin is making me pay them back for the taxes I never paid?!? I'm going to pretend I didn't read that part in the loan docs when I signed my loan at origination and that its something all lenders do to protect the house from going to a county tax sheriff sale.
So, anyway, I went along with their 3 month plan, then they gave me the loan mod and brought me current again. So I stopped paying again, since I was current, and in no immediate threat of foreclosure, because I don't like to make payments now on my loan, I think I'm a victim because I signed a loan that I didn't want. I'm excited about Obama's new plan out. There's so much attention on the people who can't pay their mortgages, that the media doesn't pay attention to the millions of other Americans who actually do read their loan documents and live in a house they can afford. Now they will all help bail me out because I'm a victim of myself. First Franklin said they don't have the Obama plan in place yet, but I"m going to keep calling them every week until they do, because I deserve the American paid bail out, and I want my free hand out! Also I want a 1% loan rate, even though I have horrible credit. Wouldnt that be better than foreclosing on my home? The government made the American taxpayers pay for the bail out, so why shouldn't I use the tax payers money. It's there for me to take isnt it? I want a bail out!
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